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Yong nam
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chuanS
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07-Jul-2007 20:00
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Hi Jerrymaguire, read the earlier strings on the mentioned about your broker. Can you also please email your broker contacts to me at infinite_vin@yahoo.com.sg? Thanks! |
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jerrymaguire
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07-Jul-2007 01:26
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i have to clarify, i posted the message on 3 jul to tell that the fall back confirmed on 2jul was no more (we were discussing the fall back before that). but this was a short term review for next coming day. my personal opinion for next week outlook of construction stock should be not so good at the beginning of the week, have to see later end of the week. for short term players, maybe not a good time to enter . but be careful , no one can predict a super hot stock . due to too much of news, speculations, it doesnt really follow the TA rules. i analysed some hot stocks like csc, lian beng, yong nam, japan land, etc ... they dont follow TA rule at all. just my opinion, hope this help. |
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jerrymaguire
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07-Jul-2007 01:18
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hi myehub, on 3 jul, it formed a reversal patter which is trending down with the peak of 0.505. so TA think the price wont break 0.505 (was very big block volumn too). but it proved we were wrong and it break 0.505 and all the way up to 0.535. that was the reason i said it has no more reversal signal (sell signal) because the highest point was no more 0.505. anyway, we can see a broad selling of all construction stocks recently. and all the stocks can't come back to the highest price of last week bull. so i think is good to stay away from hot construction stocks and wait for the good price to go in again. ciao. |
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raymondho
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06-Jul-2007 14:54
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Today'high at 0.515 with hugh vol. I'm afraid the ceiling is on the way to form at 0.535, is it the right time to run as a short term player? Need advise.... thanks. |
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myehub
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06-Jul-2007 12:26
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Hi jerrymaguire, Could u pls enlighten what do u mean when u said 'it broken its reversal pattern. the fall back is no more confirmed.', what do u mean? Do u mean by fall back? r u referring to rebounce? Tks |
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chloecleo
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04-Jul-2007 12:03
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Grad before the next wave Congrat to those who are vested
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Pinnacle
Master |
04-Jul-2007 09:42
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CSC Holdings So next announcement will be for Yongnam's contract? announced that they had bagged another S$60m worth of contracts relating to the development of the two integrated resorts in Singapore. |
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minireddot
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03-Jul-2007 20:34
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Sound business model including relatively successful recent expansion into Middle-East amid buoyant demand for its products at least for these two years. This one would be my hope to upgrade to a Lexus convertible. Banging on it to hit at least 0.90 (just like chip eng seng) by year-end...will continue to accumulate on weakness... |
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fortunegal
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03-Jul-2007 15:12
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it is a crazy run for construction stocks today. |
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dynamitebull
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03-Jul-2007 15:00
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11 trades done 53.5. 99 trades done at 53cts. is this a false bull? |
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jerrymaguire
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03-Jul-2007 14:52
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sometime a lot of hot stocks dont follow the normal technical pattern. we can still apply TA, but if it is not what the TA expected, we got to buy back immediately because it always surge too fast .. now the bear came back, so wait for the 2nd wave of bull ... cheers ... up up up .... |
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cwbenz
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03-Jul-2007 14:44
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Just broke out in price and volume, just jumped in, hope its not too late!!! |
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jerrymaguire
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03-Jul-2007 14:28
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hello bro, it broken its reversal pattern. the fall back is no more confirmed. so wait to see. |
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ngw050873
Member |
03-Jul-2007 14:10
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Run liao.....no.2 top vol now....up 2 cents
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rickytan
Veteran |
03-Jul-2007 14:08
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wow, continued with its climb... now 52.5 cents liao !!! Cheers 
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will040
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03-Jul-2007 09:47
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With the Evening Star comfirmed; chances fo fall back is high. |
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alfred7
Member |
03-Jul-2007 00:07
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Yes, this is the first upsurge on the anticipation. The 2nd significant upsurge will come when it has been formally awarded to Yongnam. Earnings will be securely in its bag. Confidence sets in and so will it be reflected in its price. |
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jerrymaguire
Member |
02-Jul-2007 04:03
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yongnam price has been risen too much (~20% in a week), also meant the price now already reacted to the speculation (new IR contract and Take over talk). for shor term player, this coming week should be down, as we know news/ speculation is short lived. if you are planning to hold long term, 0.61 is definitely reachable for yongnam as there is more contrats to be announce for IR . this is a warning for the short term player, or if want to enter this week, can wait a while. i believe the price will close at <0.48 this week. let see and monitor tomorrow's signal. happy trading.. |
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yipyip
Master |
02-Jul-2007 00:22
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The decision of Springleaf Tower lawsuit is expected for favour for Yongnam on 9 Jul 07, write back of $10m~12m. + if the office space sold, est gains $5m~6m . From the two factors(total of $15m~18m), my est would be TP$1.24 |
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ed88ks
Senior |
01-Jul-2007 07:45
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Valuation and recommendation Upgraded FY08-09 forecasts. industry and company prospects, we are upgrading our FY08-09 forecasts as we previously under-estimated the large flow of contracts and shortened periods for revenue recognition due to tight timelines, especially for the two IRs. In addition, it appears that Yongnam?s forays into the Middle East are paying off, and likely projects would include the Dubai Metro, Doha airport and Qatar World Trade Centre. Combined, these projects are worth over S$250m. There is also the benefit of margin expansion from the tight project timelines and absence of serious competition for Yongnam. Following recent meetings with management onMaintain Outperform with new target price of S$0.61 25x CY07 P/E). Our new target is set at 20.0x P/E, as we roll forward our basis to CY08. At 20x CY08 earnings, Yongnam would be trading at the level of peers. We believe our target is reasonable in view of the 74.4% FY06-09 earnings CAGR
http://www.gohdirect.com/NASApp/spaf/econtent/sg/Yongnam-Hldgs-260607.pdf projected for Yongnam. (previously S$0.41, set at |
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